Stocks in Focus on September 18, 2023: PTTEP and BH

Kaohoon Online has selected stocks with a high-growth potential for investors to consider on September 18, 2023.

 

Pi Securities (PI) has given a “BUY” recommendation on PTT Exploration and Production Public Company Limited (SET: PTTEP) with a target price at ฿180.00/share.

PI still saw positive momentum for PTTEP in the third quarter with rising sales as management expected 470kBOED (+6% QoQ) for the quarter, while selling prices could still increase, following the Dubai crude that hit $84/barrel in July or up $6 a barrel from the average in 2Q23.

 

Finansia Syrus Securities (FSS) has given a “BUY” recommendation on Bumrungrad Hospital Public Company Limited (SET: BH) with a target price at ฿300.00/share.

FSS expected 3Q23 net profit to make a record high, boosted by accelerating growth from foreign patients. Revenue is expected to increase 20-40% YoY. 

The brokerage company estimated BH’s 2023 net profit at 6.8 billion baht (+37% YoY) and should continue growing in 2024 by 5% to 7.1 billion baht.